Axia Energia debuts AXIA3; court declares Oi bankrupt; Kepler Weber gets R$11 offer — Brazil market wrap (Nov 10)
Oi was declared bankrupt by the 7th Business Court of Rio de Janeiro; telecom services will continue temporarily under court supervision as assets are liquidated. Axia Energia began trading under new tickers on B3 and NYSE, with AXIA3 rising 1.84% by mid-morning. Kepler Weber received a non-binding R$11 per share offer from GPT, a 48.3% premium to the 60-day VWAP.
